App record
Wisely by ADP: who holds your money
- Institution type
- App
- Insurance route
- Pass-through FDIC insurance
- Recorded partner banks
- 1
- Disclosure read
- September 5, 2026
Insurance route
Pass-through FDIC insuranceWisely by ADP's disclosure, read on September 5, 2026, describes FDIC pass-through coverage, deposit insurance through partner banks. Coverage depends on customer identification and recordkeeping. It protects eligible deposits when a partner bank closes, not the app company itself. An app closure does not trigger that protection. The visible disclosure and notes provide the programme’s specific conditions.
Summary
Wisely by ADP is not a bank. Wisely by ADP says customer money is held at Fifth Third Bank, National Association, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Current commentary
Wisely by ADP is not a chartered bank; customer money is held at Fifth Third Bank, National Association, graded letter B among similar-sized banks. Deposit insurance reaches customers through the partner bank, provided Wisely by ADP’s records identify each customer. The limit is $250,000 per depositor, per insured bank, for each account ownership category. This reflects Wisely by ADP’s disclosure read on September 5, 2026.
Partner banks
1 bankFifth Third Bank, National Association
- FDIC certificate
- 6672
- Role
- program bank
- Uninsured deposit share
- 44.4%
- Lefomi grade
- Grade BScore 64.5 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 31
- Peer group
- Banks, $100B or more
- Deposit insurance
- FDIC insured
Grade alerts for Fifth Third Bank, National Association
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